Harley-Davidson (HOG) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Harley-Davidson (NYSE:HOG) from a hold rating to a sell rating in a report published on Tuesday.

HOG has been the topic of several other reports. Argus upped their target price on Harley-Davidson from $48.00 to $50.00 and gave the stock a buy rating in a research report on Wednesday, June 20th. Royal Bank of Canada dropped their target price on Harley-Davidson to $40.00 and set a market perform rating on the stock in a research report on Tuesday, June 26th. Morgan Stanley dropped their target price on Harley-Davidson from $54.00 to $53.00 and set an overweight rating on the stock in a research report on Friday, June 29th. Zacks Investment Research lowered Harley-Davidson from a hold rating to a strong sell rating in a research report on Wednesday, July 11th. Finally, Stifel Nicolaus upped their target price on Harley-Davidson from $45.00 to $46.00 and gave the stock a hold rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $47.25.

Get Harley-Davidson alerts:

NYSE:HOG opened at $39.57 on Tuesday. The firm has a market cap of $6.94 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. Harley-Davidson has a 1-year low of $38.74 and a 1-year high of $56.50. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.25.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 24th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.11. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.43 billion. Harley-Davidson had a return on equity of 31.70% and a net margin of 10.08%. Harley-Davidson’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 earnings per share. Equities research analysts predict that Harley-Davidson will post 3.87 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Monday, September 17th. Harley-Davidson’s payout ratio is currently 42.29%.

In other news, CFO John A. Olin sold 12,587 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total transaction of $547,282.76. Following the transaction, the chief financial officer now owns 55,016 shares of the company’s stock, valued at approximately $2,392,095.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lawrence G. Hund sold 37,040 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $43.33, for a total value of $1,604,943.20. Following the transaction, the insider now directly owns 29,715 shares in the company, valued at approximately $1,287,550.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,225 shares of company stock worth $2,221,739. Insiders own 0.58% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HOG. Whittier Trust Co. acquired a new position in shares of Harley-Davidson during the 2nd quarter valued at about $112,000. Cribstone Capital Management LLC increased its holdings in shares of Harley-Davidson by 75.0% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after acquiring an additional 1,200 shares during the last quarter. Banco de Sabadell S.A acquired a new position in shares of Harley-Davidson during the 1st quarter valued at about $127,000. CSat Investment Advisory L.P. acquired a new position in shares of Harley-Davidson during the 2nd quarter valued at about $132,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Harley-Davidson during the 2nd quarter valued at about $183,000. 85.87% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.